I see property management company employees turn over frequently with some companies, so someone may be learning the ropes on your property.

And Cal, you make a good point about the moving frequently.

I have found that the ones I look at in Tucson, and Phoenix need massive amounts of work, also do you have any REI groups that you frequent, I would like to talk you in person about your experiences here in Arizona.

You just have to be willing to be flexible and know that you're going to have to clean a bit more frequently.

This happens frequently.

The stuff is exurban and quite a drive from the employment centers.Out here, I think location frequently trumps condition.  

I buy big, OLD houses with MAJOR reno needs, and hold them for at least a year, most frequently investing well over $100,000 in the renovation.

Unfortunately I also know the condition that many of these places are left in, plus the very temporary nature of the tenants as rigs and frac crews move frequently.

I frequent mine in Wisconsin quite often but sometimes I get applicants that have lived in other states so it would be a great resource.

Despite a LTV of 40%, despite top tier credit, despite a 160% debt coverage ratio (the net income collected will exceed the monthly mortgage payment by 160% after expenses are deducted), despite a property that's appreciated by $500,000 over the loan term, and despite a perfect payment record over the past five years, my refinance application was denied.I frequently see people on the forum asking about how they think they're close to being able to afford a commercial property and should they go for it.